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the manufacturer of the assault rifle used in the connecticut school shootings. the hedge fund's decision comes shortly after one of its largest clients, the pension fund for california's teachers said it's reviewing its half- billion dollar commitment to cerberus... which also invests for california's public employees. "these pension funds hold more power than we think." john challenger says california's teachers are not alone in demanding more transparency. "certainly its an increasing trend." the selling of freedom group also coincides with renewed debate in washington to restore the federal assault weapons ban that expired in 2004. "we must engage in a thoughful debate about how to change laws and culture that will allow violence not to continue to grow." "as we continue to learn the facts, we'll examine what would be an appropriate and constitutional response that would better protect our citizens." challenger noted stock prices of several firearms manufacturers are dropping. "if they look at their projections, those companies may not make as much as their thought they'd make as of a yea
linked to the connecticut shootings, they reacted. and so did the private equity firm that made the investment. and it underscores just how easy it is to assume someone else has vetted investments made on behalf of employee groups. maggie ellis, a california teacher, active in state and local teacher organizations, had no idea her pension funds were going to freedom group-- gun makers, including one that made the assault rifle used to kill 20-children and six adults in connecticut, last friday. assault weapons are outlawed in california. ellis is not alone. a lot of people didn't know. it's led california's treasurer bill lockyer to criticize the investment saying teacher retirements "should not be invested in guns illegal in california. these weapons have no place in our communities. our families and children are safer without them." "is it possible to vette everyone? no. but you should be able to research hot-button issues and hot-button companies." ellis says the teachers relied on private equity firm cerberus capital to manage more than a half-billion dollars of retirement
night at $86. in the fallout from the tragedy in newtown, connecticut, which remains on our minds, some interesting stats: reports say gun rights groups have given $17 million in campaign contributions, while contributions are $1.7 million for gun control groups. larry levin of trading advantage joins us now for a closer look at today's market action. good to have you on the show this morning. > > nice to be here. thank you. > i am still sensing traders are feeling a bit of a somber trade. even though the market rallied yesterday, i am imagining that what happened in sandy hook is still very much on traders' minds. > > i would certainly think that people are thinking about that. anybody who is a parent certainly is thinking about it and talking about it here on the trading floors. but that certainly didn't stop people from buying the market up strong yesterday, that's for sure. but definitely something that has got traders talking a little quieter than they might otherwise. > there is also some sobering news coming from the latest economists' survey. they see a mediocre 2013 for the eco
the jobs are. and for our fellow americans in newton, connecticut, our thoughts and prayers are with you. >>> the first funerals are set for some of the victims of friday's massacre at a connecticut elementary school. how the victims are being remembered by their community and world. >>> california's superintendent is calling for all schools to look hard at their security. we'll tell you what some school districts are considering. >>> overnight rescue in san francisco the special tools firefighters used to free a man from a chimney. it's all ahead on the ktvu channel 2 morning news. >>> good morning. thank you for joining us on this monday morning, december 17th i'm pam cook. >> and i'm brian flores. it has been a tough weekend for a lot of people. let's take a look at our weather with steve paulson.
and connecticut. christie met with president obama at the white house first, then with house speaker john boehner at the capital. at a senate hearing thursday, senator charles schumer of new york presented his case for rebuilding the storm zone. "new york has no choice, we have to adapt. new york and new jersey are a waterfront region in the path of violent new weather realities." president obama meanwhile is seeking $50 billion from congress for emergency aid for 11 states with storm damage. the improving housing market is turning into a wealth builder for americans. according to the federal reserve, financial wealth in american households grew to $64 trillion, up $1.7 trillion during the 3rd quarter. here's how that happened: the value of real estate rose $300 billion, while stocks climbed $520 billion. economists have said an increase in wealth translates into consumer spending. the report from the fed also shows americans cut debt by 2% last quarter. space exploration technologies, better known as space x, has landed a big - and much desired - new customer this week: the u.s. air force. the p
. >>> today marks one week since the deadly connecticut school shooting. special prayer remembrance planned online. >>> good morning, everybody it's friday december 21st i'm brian flores. pam cook has the morning off. the rain, the wind, the cold is on the way here. >> it's al
Search Results 0 to 5 of about 6